COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Analyst Comments on LINK’s Performance Amidst Crypto Market Predictions for 2024
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Chainlink (LINK) > Analyst Comments on LINK’s Performance Amidst Crypto Market Predictions for 2024
Chainlink (LINK)

Analyst Comments on LINK’s Performance Amidst Crypto Market Predictions for 2024

In Brief

  • 2024 expected to be good for crypto market, focus on rising altcoins.

  • Senior analyst criticizes LINK for not meeting performance expectations.

  • Chainlink announces seamless Web3 and capital market transactions platform.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

While 2024 is expected to be a good year for the cryptocurrency market, predictions continue about which tokens will rise and make significant gains, with this altcoin in particular drawing attention for its long-term upward trend.

Contents
Analyst’s Statement on LINKNotable Performance from LINK

Analyst’s Statement on LINK

Popular cryptocurrency commentator Quinten Francois X shared his thoughts with his followers in multiple posts, discussing the typical investor mentality towards cryptocurrency units. The senior analyst said the following:

I see a lot of hate for LINK because it’s not performing as expected. It’s always the same in crypto. I hate these kinds of tokens because they underperform. Everyone gets excited and that was expected because patience has run out.

This statement coincided with Chainlink‘s announcement on the same day that it has become the standard platform for seamless transactions between capital markets and Web3. Additionally, the company stated that without a single standard for cross-chain, data, and computation, such transactions could not occur. Furthermore, Chainlink launched the Cross-Chain Interoperability Protocol (CCIP) in July 2023 to ensure flawless cross-chain transactions. This development was one of the most significant launches of the past year, and the company continues to expand CCIP to include more chains and assets. The company made the following statements on the matter:

We will give high priority to CCIP to meet the demand fueled by the major trend of capital markets moving on-chain and transitioning from the proof of concept stage to production.

Notable Performance from LINK

Additionally, an analyst known as thenewyorker.eth on X highlighted the current real-world capabilities provided by Chainlink, emphasizing the token’s value and long-term viability:

It also shows how narrow-minded most people are. Benefits and fundamentals, in the long run, LINK performs the best.

At the time of writing, Chainlink’s price was trading at $12.85. It was noted that LINK could not break out of its long-term descending resistance trend line. However, it managed to rise above this level in September. The upward movement reached $16.58 in November but has since slowed down. After just over a month of consolidation, LINK’s price finally began an upward movement at the end of December 2023, reaching the annual high of $17.68.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Massive Movements Ignite Interest in Chainlink (LINK) as Whales Make Waves

Chainlink Price Holds Strong: What Lies Ahead for LINK Traders?

Chainlink’s Price Movements Capture Market Attention

Chainlink Partners with ADGM to Propel Blockchain Innovation

Chainlink Unlocks 19 Million Tokens, Influencing Market Dynamics

COINTURK NEWS 8 January, 2024 - 11:18 am 8 January, 2024 - 11:18 am
Share This Article
Facebook Twitter
Share
Previous Article Pullix (PLX) Rockets: Altcoin Clash Featuring Litecoin (LTC) and ICON (ICX) for Market Supremacy
Next Article Bitcoin Forms a Critical “Golden Cross” Formation
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Solana Price Targets $510 as It Nears Critical Resistance
Solana (SOL)
Diplomatic Winds Boost Cryptocurrency Surge as Bitcoin and Ethereum Soar
Cryptocurrency News
Brazil Embraces Bitcoin: Belo Horizonte Leads the Digital Finance Charge
Bitcoin News
Gemini Conquers Europe with Strategic Derivative Offerings
Cryptocurrency Exchanges
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?